Monetary policy in the United States is primarily the responsibility of ________.
A) the President and Congress
B) the Federal Reserve System
C) the U.S. Treasury
D) the Comptroller of the Currency
Question 2
If there is limited commitment and the government is no better at collecting on its debts than is the private sector, then
A) Ricardian equivalence holds.
B) the private sector can benefit from a government loan program.
C) Ricardian equivalence does not hold.
D) the Fisher relation does not hold.
This modified model of Easton’s systems theory puts government decision makers as the source of pol
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